Direct booking will save the person booking lots of money, and you will make more.

Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

Money Mustache (Pete Adeney) is headquartered here in Longmont (across main from Longs Peak Pub) and there is a well-established FI community here. 

Why are you asking for any market as a new investor when you should be looking closest to you that matches the money you have to invest?

Let's have some fun and make some money!

If the first mortgage takes most of the property value, you might not see all your money back.

A lot of people don’t realize this, but in addition to real estate agents selling stuff, they are also being sold, every brokerage, every title company, even lenders, have courses on literally scripts, how to build out your social media, how to find fsbo listings etc, truth is none of these are effective, pretty much the only way to be a successful agent is either ton of ad spend or the hard work of meeting people in person through events meetups etc, but brokerages make money by head count, even title and lenders are happy if you close a few deals a year with them, so they sell this stuff to agents who than use those scripts on you, it’s a whole prymond scheme lol

Then we would be profiting a clean $2k a month from just this property alone and still have money for a down payment for a house hack. 

I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so there will be no tax benefits i.e. write offs, depreciation.

Whether that is putting more money down, rent by the room, mid term, short term, etc., there's just no path that I see to get any real month to month cash flow (like actual cash flow, not spreadsheet cash flow).